HDFC BANK: CO RBI APPROVES ANUP BAGCHI AS MD & CEO FOR 3 YEARS FROM OCTOBER 27, SUCCEEDING SASHIDHAR JAGDISHAN
SUDARSHAN CHEMICAL INDUSTRIES: CO MAHARASHTRA GST OFFICIALS CONDUCT SEARCH AT OFFICES AND MANUFACTURING UNITS UNDER SECTION 67
META: APPOINTS RANVEER SINGH AS FIRST INDIA BRAND AMBASSADOR FOR RAY-BAN AND RAY-BAN META
UNION BANK Q2 BIZ UPDATE
• Total Gross Advances grew by 18.53% YoY.
• Total Domestic Advances grew by 17.36% YoY.
• RAM Advances (Domestic) grew by 14.65% YoY.
• Domestic CASA Deposits grew by 14.66% YoY.
• Total Gross Advances grew by 18.53% YoY.
• Total Domestic Advances grew by 17.36% YoY.
• RAM Advances (Domestic) grew by 14.65% YoY.
• Domestic CASA Deposits grew by 14.66% YoY.
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US ON INDIA TRADE DEAL
Had a very constructive conversation with Minister Piyush Goyal
Continuously trying to finish the trade deal with India
We are in the short strokes, towards the end of it
No, there is nothing imminent
Have identified the universe of items that are sticking points
President Trump and Prime Minister Modi may have another call very soon to assess progress and where we are
Had a very constructive conversation with Minister Piyush Goyal
Continuously trying to finish the trade deal with India
We are in the short strokes, towards the end of it
No, there is nothing imminent
Have identified the universe of items that are sticking points
President Trump and Prime Minister Modi may have another call very soon to assess progress and where we are
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CSBBank Q2 Update
--Total Deposits Up 18% At ₹46,889 Cr Vs ₹39,651 Cr (YoY)
--CASA Up 6% At ₹8,889 Cr Vs ₹8,394 Cr (YoY)
--Gross Advances Up 22% At ₹42,373 Cr Vs ₹34,712 Cr (YoY)
--Advances Against Gold & Gold Jewellery Up 36% At ₹ 22,301 Cr Vs ₹ 16,456 Cr (YoY)
--Total Deposits Up 18% At ₹46,889 Cr Vs ₹39,651 Cr (YoY)
--CASA Up 6% At ₹8,889 Cr Vs ₹8,394 Cr (YoY)
--Gross Advances Up 22% At ₹42,373 Cr Vs ₹34,712 Cr (YoY)
--Advances Against Gold & Gold Jewellery Up 36% At ₹ 22,301 Cr Vs ₹ 16,456 Cr (YoY)
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ECB'S REHN: HIGHER ENERGY PRICES BRING US CLOSER TO THE ECB’S ADVERSE SCENARIO FOR INFLATION
ECB'S REHN: ECB PROJECTIONS SUBJECT TO VERY HIGH, PERVASIVE UNCERTAINTY
ECB'S REHN: RISE IN LONG-TERM INTEREST RATES WILL SLOW GROWTH AND REDUCE THE PASS-THROUGH OF ENERGY SHOCK TO PRICES, WAGES
ECB'S REHN: ONE UNCERTAINTY IS POSSIBILITY OF A SUDDEN REVERSAL IN MARKET SENTIMENT TOWARDS AI
ECB'S REHN: ECB PROJECTIONS SUBJECT TO VERY HIGH, PERVASIVE UNCERTAINTY
ECB'S REHN: RISE IN LONG-TERM INTEREST RATES WILL SLOW GROWTH AND REDUCE THE PASS-THROUGH OF ENERGY SHOCK TO PRICES, WAGES
ECB'S REHN: ONE UNCERTAINTY IS POSSIBILITY OF A SUDDEN REVERSAL IN MARKET SENTIMENT TOWARDS AI
MAZAGON DOCK SHIPBUILDERS – THOOTHUKUDI SHIPYARD CLARIFICATION
• MDL clarified that it is not proceeding with the Thoothukudi greenfield shipyard project.
• MDL had earlier explored the project, but it was not pursued after the Tamil Nadu JV selected another shipyard as Anchor Shipyard for the proposed Thoothukudi cluster.
• MDL is currently focused on proposed Greenfield Shipbuilding Industrial Clusters at Dighi, Maharashtra and Dugarajapatnam, Andhra Pradesh.
• MDL has been selected as the Anchor Shipyard for both proposed clusters under Maritime Amrit Kaal Vision (MAKV) 2047.
• MDL clarified that it is not proceeding with the Thoothukudi greenfield shipyard project.
• MDL had earlier explored the project, but it was not pursued after the Tamil Nadu JV selected another shipyard as Anchor Shipyard for the proposed Thoothukudi cluster.
• MDL is currently focused on proposed Greenfield Shipbuilding Industrial Clusters at Dighi, Maharashtra and Dugarajapatnam, Andhra Pradesh.
• MDL has been selected as the Anchor Shipyard for both proposed clusters under Maritime Amrit Kaal Vision (MAKV) 2047.
AdaniPorts Sep Update
--Handled Cargo Volume Up 11% YoY At 46 mt
--Logistics Rail Volume Up 3% YoY At 62,302 TEUs
--H1 Logistics Rail Volumes Down 13% YoY 312,763 TEUs
--H1 Handled Cargo Volume At 280 mt, Up 15% YoY
--Handled Cargo Volume Up 11% YoY At 46 mt
--Logistics Rail Volume Up 3% YoY At 62,302 TEUs
--H1 Logistics Rail Volumes Down 13% YoY 312,763 TEUs
--H1 Handled Cargo Volume At 280 mt, Up 15% YoY
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BRENT, US CRUDE FUTURES EXTEND DECLINES AFTER REPORTS OF POTENTIAL EUROPEAN DIESEL ,CRUDE STOCK RELEASE
HINDALCO INDUSTRIES: CO TERMINATES EQUITY PURCHASE AGREEMENT FOR ACQUISITION OF ALUCHEM COMPANIES, INC. DUE TO EXTENDED CLOSURE DELAYS; STRATEGY FOR HIGH-VALUE TECHNOLOGY-LED PRODUCTS REMAINS UNCHANGED.
SHYAM METALICS AND ENERGY: CO SIGNS NON-BINDING MOU WITH GOVERNMENT OF MAHARASHTRA FOR 9 MTPA GREENFIELD INTEGRATED STEEL COMPLEX; ESTIMATED INVESTMENT OF ₹50,000 CRORE; EXPECTED TO CREATE 30,000 JOBS.
BAJAJ FINSERV: CO. APPROVES SUBSCRIPTION TO WARRANTS CONVERTIBLE INTO EQUITY SHARES FOR UP TO ₹5,800 CRORE; TO BE ISSUED BY SUBSIDIARY BAJAJ FINANCE LIMITED; AIMED AT SUPPORTING CAPITAL RAISE AND INVESTOR CONFIDENCE.